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SAT, 18.06.2020 03:57 knoel7990

Alex sees that his neighbors' lawns all need mowing. He offers to provide the service in exchange for a wage of $20 per hour. Some neighbors
accept Alex's offer and others refuse. Economists would describe Alex's
behavior as:
rational self-interest because he is attempting to increase his own
income by identifying and satisfying someone else's wants.
greedy because he is asking for a high wage that some of his
neighbors can't afford to pay.
selfish because he is asking for a wage that is higher than others
might charge.
irrational because some neighbors refused his offer.


Alex sees that his neighbors' lawns all need mowing. He offers to provide

the service in exchange

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Answers: 3

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